US stock market futures rose modestly on Tuesday, despite President Donald Trump signaling big tariff hikes on Canada and Mexico. The Nasdaq and S&P 500 indices are above their 50-day moving averages, with many leaders flashing buy signals.
Dow Jones futures rose 0.4% vs fair value, while S&P 500 futures climbed 0.4%. Nasdaq 100 futures advanced 0.5%. The 10-year Treasury yield fell to 4.57%, and crude oil declined more than 2%.
Investors await Trump executive orders related to cryptocurrencies, with Bitcoin above $104,500. President Trump said he would revoke the EV mandate and impose 25% tariff hikes on Canada and Mexico on Feb.1.
The stock market rally showed strong action last week, with Treasury yields tumbling on tame inflation data while strong earnings buoyed major indexes. Tesla, ServiceNow, Amazon, Quanta Services, and Vertiv flashed buy signals, along with several peers.
Investors should take advantage of the rally, adding exposure gradually and looking to buy stocks beyond AI and tech space. They should work on watchlists scanning for leading stocks and sectors but be ready to scale back if the market retreats.
Earnings season will ramp up this week, with Netflix, GE Vernova, GE Aerospace, and American Express among notable names. The Trump inauguration could be a buy or sell news event, while investors should also keep an eye on the potential impact of tariffs on global trade.
Source: https://www.investors.com/market-trend/stock-market-today/dow-jones-futures-president-trump-tariff-hikes